2010 was a year of frequent policy changes for the global immigration market, with many countries significantly altering their immigration policies. Following the announcement of Australia's new immigration policy and the adjustment of Canada's investment immigration price increase policy, countries such as the United States and Singapore have become increasingly popular. There are reports that Singapore's investment immigration program is about to increase in cost, and the review process may also become more stringent.
In recent years, Singapore has matured in its immigration policy and achieved brilliant success. Singapore's immigration policy requirements are lenient, with no residency requirements (immigration jail), and a relatively fast processing speed, which is highly praised, especially in terms of economic development and improving living standards.
Visas Consulting Group expects that starting from 2011, January 1st, Singapore's investment immigration will increase in cost, and the review procedures and requirements will also become stricter. The immigration investment industry may also face some restrictions, but the quota for Singapore investment immigration will not be reduced. The main reason for the policy tightening in Singapore is that since the second half of 2009, the number of applicants for Singapore investment immigration has started to increase, but the speed at which the Singapore government processes cases has not improved.
Currently, the investment immigration projects handled by Singapore include 4 categories: the 1 million SGD project, the 1.5 million SGD project, the 2 million SGD project, and the 5 million SGD investment in financial products. The 1.5 million SGD project involves purchasing government-approved closed-end funds, which is suitable for business professionals who wish to obtain Singaporean status but whose business focus remains in China. (It is about to increase to 2.5 million SGD)
Among the four projects, the 1.5 million SGD project is chosen by more people. Compared to other projects, applicants for this project do not need to manage investment matters, and the application speed is relatively fast. Starting in 1990, the Singapore government approved the method of immigrating to Singapore through investment funds. In 2004, this immigration program was renamed the “Global Investor Programme”, which is fully managed by the Singapore Economic Development Board and began to be promoted in China.
Currently, the investment funds approved by the Singapore government are relatively safe. Although the annual return rate and safety rate are relatively high, applicants still need to pay attention to the following three points when choosing a fund: First, pay attention to the historical performance of the fund, such as how the fund has performed in the past, whether it has experienced a financial crisis, and how it performed during the financial crisis; second, the background of the fund, that is, the background of the fund owner, preferably with a background in banks, securities firms, etc.; third, the background of the management team, that is, the qualifications of the manager, because some managers are good at running businesses but are not good at making investments.
Visas Consulting Group has been awarded the exclusive agency rights for the best Singapore investment immigration fund in Beijing and Qingdao. To celebrate, starting this week (August 9th to August 31st), we are launching the Singapore Immigration Promotional Month, and Visas Consulting Group is offering great gifts to customers applying for Singapore investment immigration!
